• [ ] Underwriting and Finances:
  • [ ] Projecting Revenue Look at projected revenue, Occupancy Rate, Average Nightly Rent. You can use the website/tools below (Ranked from most credible/popular)
    • [ ] Data Rabbu
    • [ ] AirDna for average nightly rental rate.
      • [ ] Santa Monica is unlocked for reference. (FREE)
        • [ ] So when you are picking a market (Good pointers) - Example ChatsWorth, Burbanks, Glendale
          • [ ] Rental Demand 70+
          • [ ] Grade B or higher
      • [ ] Pricing:
        • [ ] $12 a month for 1 market
        • [ ] $60 a month for 142 market
        • [ ] $300 a month for 1200 markets
      • [ ] For AirDNA, see Chris Lai or other members
    • [ ] Jeremy Toyce also created https://awning.com
    • [ ] https://rentalcalculator.seetransparent.com (other one)
    • [ ] https://www.alltherooms.com/analytics/airbnb-calculator/
    • [ ] https://www.strinsights.com (Very costly)
    • [ ] https://app.airbtics.com/

Critera for Good Market

• [ ] So when you are picking a market. Look for the following on AirDNA:
  • [ ] More than 200 listings
  • [ ] Rental Demand 70+
  • [ ] Grade B or higher
  • [ ] Make sure regulation good.

1. Regulations, permits, business licenses are actually a good thing
2. Cities that don’t require business license or permits are risky
3. Avoid Cities with restrictions including: primary residence, arbitrage restrictions, and minimum 30 days or more. Explanations!!!!
   1. if it needs to be your primary residence —> not going to be able to scale
   2. if you have arbitrage restrictions —> run into city trouble
   3. 30 days or more —> your going to LTR rights for tenants + also different audience MTR, Insurance agents, Furnished Finder + also mismatch with getting tenants.

For more detail on regulation see:

Understanding City Regulation

Cashflow Calculator here!

Define your goals

• Define your goal:
  • Places that you can make your money back in 6-9 months (150-200% ROI)
  • Places where you will net close to 1/3 of the gross earnings
    • ie: if you gross $9K at a home, you need to net close to $3K